FY2018 EPS Estimates for Ag Growth International Inc (AFN) Increased by Analyst

Ag Growth International Inc (TSE:AFN) – Research analysts at National Bank Financial raised their FY2018 earnings per share (EPS) estimates for Ag Growth International in a research report issued on Wednesday, November 7th. National Bank Financial analyst G. Colman now anticipates that the company will earn $3.51 per share for the year, up from their prior forecast of $3.36. National Bank Financial has a “Outperform” rating and a $71.00 price target on the stock. National Bank Financial also issued estimates for Ag Growth International’s FY2019 earnings at $3.80 EPS and FY2020 earnings at $4.14 EPS.

Several other brokerages also recently commented on AFN. Royal Bank of Canada decreased their price objective on shares of Ag Growth International from C$70.00 to C$65.00 and set an “outperform” rating on the stock in a research report on Friday. TD Securities decreased their price objective on shares of Ag Growth International from C$80.00 to C$78.00 and set an “action list buy” rating on the stock in a research report on Friday, October 26th. Raymond James raised their price objective on shares of Ag Growth International from C$65.00 to C$70.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Cormark restated a “buy” rating and set a C$75.00 price objective on shares of Ag Growth International in a research report on Monday, August 27th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$69.44.

Shares of AFN stock opened at C$57.80 on Friday. Ag Growth International has a one year low of C$47.08 and a one year high of C$64.72. The company has a current ratio of 1.89, a quick ratio of 0.81 and a debt-to-equity ratio of 187.32.

Ag Growth International (TSE:AFN) last announced its quarterly earnings data on Wednesday, November 7th. The company reported C$0.74 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.11 by C($0.37). The firm had revenue of C$242.17 million for the quarter, compared to analysts’ expectations of C$245.20 million.

The business also recently declared a monthly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, December 14th will be issued a $0.20 dividend. The ex-dividend date is Thursday, November 29th. This represents a $2.40 dividend on an annualized basis and a yield of 4.15%. Ag Growth International’s dividend payout ratio is currently 122.39%.

In other Ag Growth International news, Director Gary Keith Anderson sold 10,600 shares of Ag Growth International stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of C$63.72, for a total value of C$675,432.00.

About Ag Growth International

Ag Growth International Inc, together with its subsidiaries, manufactures and distributes grain handling, storage, and conditioning equipment in Canada, the United States, and internationally. The company offers portable handling equipment, such as portable augers, portable belt conveyors, grainvacs, and storm seed treaters; and permanent handling equipment, including TA tapered auger vertical blend systems, high-tonnage conveying systems, distributors, bulk weigh hoppers, enclosed belt conveyors, bucket elevators, rail and truck probes, VIS micro dosing systems, chain conveyors, truss and towers, screw feeders and conveyors, and spout and connections.

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